Ask Experts Questions for FREE Help !
Ask
    yazeed's Avatar
    yazeed Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Oct 12, 2009, 09:53 PM
    z output from A is 50%>B,profit/unit sold for A is300,200 forB, z target is $13000
    A firm produces a good in two qualities A and B for the coming year, the estimated output of A is 50% higher then B. the profit per unit sold is $300 for A and $200 for B. if the target is $13000 over the next year how much of each of the two qualities must be produced?
    Clough's Avatar
    Clough Posts: 26,677, Reputation: 1649
    Uber Member
    		  
    #2

    Oct 12, 2009, 10:35 PM
    Hi, yazeed!

    Is this homework? If it might be, then what do you think the answers might be and why do you think so, please?

    If you do that, then you'll be more likely to have someone knowledgeable come along who can help you to solve what you're asking.

    Thanks!
    Unknown008's Avatar
    Unknown008 Posts: 8,076, Reputation: 723
    Uber Member
    		  
    #3

    Oct 14, 2009, 10:57 AM

    If the production of A is 50% higher than that of B, then:

    1.5A = B

    where A and B are the amount of films produced. I used 1.5 because I am considering 100% to be the amount of films of B quality produced, then A will be 150%. As 100% = 1 and 150%=1.5, I think it's understood why I used those numbers.

    Now, that was the first equation. For the second one, the profit is given by:

    300A+200B = 13000

    300A gives the profit through the film of A quality, and 200B, that for the film of B quality. Both should reach 13 000.

    You now have two equations. Can you solve them? It is a usual simultaneous equation.

    I hope it helped! :)
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Calculate cost of goods sold, ending inventory, & gross profit for LIFO, FIFO & [ 1 Answers ]

Hello, I have tried this example several times but do not seem to get the correct answer . I would appreciate your help with this one. Thanks: Twin Co. is a retailer operating which uses the perpetual inventory method. All sales returns from customers result in the goods being returned to...

Son in Law wants to get profit once house is sold. [ 3 Answers ]

This is the issue: My brother-in-law and sister-in-law bought a home several years ago, which their parents has been paying the mortgages since that time till now. My sister-in-law's husband wants the house to sell and he wants to get part of the money because his wife's name appears on the...

Cost of goods sold and gross profit [ 1 Answers ]

Need help computing cost of goods sold and gross profit under FIFO, LIFO, Average cost. Beginning inventory 20 rolls @ $200, Purchase 8 rolls @ 300, Sale 15 rolls @ 500.

Finding Cost of Goods sold and Profit margin [ 1 Answers ]

By using the information given, please construct the company's Cost of goods sold and then the company's Profit Margin. Sales and Administrative / Operating Expenses $579,000 Manufacturing Overhead $ $353,200 Beginning Materials...

View more questions Search